Resolution of Economic Disputes: Administrative Reconsideration (II) Basic principles of administrative reconsideration (2) The principle of fairness. The principle of fairness means that an administrative reconsideration authority should treat both parties involved in the reconsideration in a fair rather than biased ma…
Resolution of Economic Disputes: Administrative Reconsideration (II) Basic principles of administrative reconsiderationThe basic principles of administrative reconsideration mainly include the following.(1) The principle of legality. Administration in accordance with the law is the fundamental principle of administrativ…
Resolution of Economic Disputes: Administrative ReconsiderationI. Overview of Administrative Reconsideration(I) Concept of administrative reconsiderationAdministrative reconsideration refers to the procedure where an individual, entity, or other organization, who believes that their legitimate rights and interests have …
China’s Audit Law: Legal Liabilities(1) If an audited entity refuses or delays provision of information relating to audit matters, provides untrue or incomplete information, or refuses or hinders the inspection, in violation of the Audit Law, the audit authority shall order it to make corrections, and may issue a publi…
China’s Audit Law: Audit Authority and Audit JurisdictionThe National Audit Office is the highest audit authority in the PRC, and it is also a department directly under the State Council. Under the leadership of Premier the State Council, the National Audit Office is in charge of national audit work, and is responsible…
China’s Audit Law: Principles(1) Principle of legality: Audit authorities shall exercise supervisory audit in accordance with the powers and procedures stipulated by national laws;(2) Principle of independence: Audit authorities shall independently exercise their power of supervisory audit according to law and free fro…
China’s Audit Law: ApplicabilityApplicability: The budgetary revenues and expenditures of various departments of the State Council, the financial revenue and expenditure of State-owned financial institutions, enterprises and public institutions, and other budgetary and financial revenues and expenditures that should be…
China’s Audit Law: Legislative purposeThe legislative purpose is to improve the national supervisory audit, maintain the national financial and economic order, promote the construction of a clean government, and ensure the healthy development of the national economy.
Robert Zhang 
Steve Li 